Skip to main content

Gujarat Bitcoin scam worth Rs 5,000 crore "linked" with BJP leaders: Need for Supreme Court monitored probe

By Shaktisinh Gohil*
BJP hit a jackpot in the form of demonetisation, which it used as an alibi to convert black money into white in Gujarat. Even as party scrambles for answers of how the Ahmedabad District Cooperative Bank (ADCB), whose director is BJP president Amit Shah, received old currency worth Rs 745.58 crore in just five days, and how Rs 3118.51 crore was deposited in 11 district cooperative banks linked with Gujarat BJP leaders, a new mega Bitcoin scam, worth more than Rs 5,000 crore has been unraveled.
The finger of suspicion of this massive scam of illegal cryptocurrency directly points to several top BJP leaders and a “mastermind" -- absconding Gujarat BJP leader and ex- MLA Nalin Kotadiya. The modus operandi of this scam is multilayered and is like a Pandora’s box – whereby illegal Hawala transactions, kidnappings, extortion of crypto currency using CBI/police/government authorities at the behest of top BJP leaders in Gujarat is a norm.
The menacing maze of this mega Bitcoin scam has been estimated by the Gujarat CID at more than Rs 50,00 crore, though many vernacular news reports and independent blogs on internet place the value at Rs 88,000 crore.

Factual matrix

1. The mega Bitcoin scam began from a complaint made by one Shailesh Bhatt to Gujarat’s minister of state (MoS) for home Pradeepsinh Jadeja, who himself has deep links with absconding BJP ex-MLA Kotadia. Gujarat’s Amreli district police reportedly extorted 200 Bitcoins (Rs 10 crore) and demanded Rs 32 crore in cash from Bhatt.
2. Investigation agencies found that the CCTV footage of Amreli district police involved in extortion is true, leading to the arrest of Amreli police superintendent of police Jagdish Patel and police inspector Anant Patel, along with an accomplice PI and 10 constables. CID then discovered that the mastermind of this mega Bitcoin scam is no other than BJP's Kotadiya.
3. Even as the police/CID search the whereabouts of the mastermind, Kotadiya is absconding, but in a video footage appears where he is found saying that, if he is arrested, he would reveal damning evidence exposing top BJP leaders in the state -- those who were converting black money into white during demonetisation.
4. CID crime, Gujarat, is trying to pressurize the witnesses of this case for political reasons. Surprisingly, a second complaint filed by CID crime says that the main accused is Shailesh Bhatt, which was not the case earlier. Instead of making him the complainant in the first case, CID, at the behest of MoS (home), made police "the complainant".
5. Shockingly, Shailesh Bhatt kidnapped one Piyush Savalia, who was associated with Bitconnect, on January 30, and released the latter two days later. Bhatt then kidnapped Dhaval Mavani, who was able to transfer 2,256 Bitcoins worth Rs 131 crore to Bhatt, securing his release. Bhatt secured another Rs 10 crore worth of Bitcoins before being stung by Amreli police.
6. It is intriguing that the Modi government sent in CBI/ED/government authorities to hound Gujarat Congress MLAs as well Karnataka Congress candidates during state polls when the electoral code of conduct was on, but has not bothered to investigate this mega Bitcoin scam, whose mastermind is a BJP leader. Kotadiya himself has made serious allegations of how top BJP leaders are linked with this entire saga of illicit money transactions.

Questions:

1. At whose behest did the Amreli police extort Bitcoins and other cash through middlemen from investors? Why did the investigation agencies not make Shailesh Bhatt a complainant in the FIR that was filed in the first case?
2. The complainant himself stated in his statement that CBI inspector Sunil Nair extorted Rs 5 crore from him to not initiate any action. Why has Sunil Nair has not been made an accused but has been transferred from Gujarat to the North-East?
3. Who are the ‘top BJP leaders’ against whom Kotadiya has damning evidence?
4. Why are the CBI/ED/Central authorities not investigating this mega Bitcoin scam? Who are they sheltering? What is the cover-up?
5. Was Modi’s demonetisation used to cover in orer to convert black money into white by BJP leaders in Gujarat, and dupe investors through multiple extortion of illicit money?
6. If Modi government can send CBI/ED to investigate Congress leaders in Karnataka, before and during elections, what prevents it from investigating its own?
There should be an impartial Supreme Court-monitored judicial invetigation in this maze of mega Bitcoin scam, so that the truth comes out.
---
*National spokesperson, All-India Congress Committee

Comments

Fungus Humungous said…
Please don't insult bjp leaders with 5000 crore scams 😝 modiji s aim is to historic n transformative in everything. If at all kindly link bjp leaders with billions or trillion dollars scams

TRENDING

It's now official: Developed Gujarat's regular, casual workers earn less than 19 top states

By Rajiv Shah
Though not as low as state chief minister Vijay Rupani claims it to be (0.9%), Gujarat’s unemployment rate, at least as reflected in a recent report released by the Government of India, is 4.8%, lower than the national average, 6%. Yet, ironically, the same report, released soon after the Lok Sabha polls came to an end in May 2019, brings to light an even grimmer reality: Lower wages in "model" and "developed" Gujarat compared to virtually the whole of India, including the so-called Bimaru states.

Telangana govt proposes to give unfettered powers to forest officials, 'help' corporates

By Dr Palla Trinadha Rao*
The Telangana Government is contemplating to replace the Telangana Forest Act 1967 with a new law - the Telangana Forest Act (TFA) 2019, trampling the rights of adivasis ensured under the Scheduled Tribes and other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006 (FRA Act 2006) and Panchayats Extension to Schedule Area (PESA) Act 1996 both of which are central acts.

RSS, Hindu Mahasabha were 'subservient' to British masters: Nagpur varsity VC told

Counterview Desk
Well-known political scientist Shamsul Islam, associate professor (retired), University of Delhi, in an open letter to the vice-chancellor of the Rashtrasant Tukadoji Maharaj Nagpur University, Dr Siddharthavinayaka P Kane, has taken strong exception to the varsity decision to include RSS’ “role” in nation building in the syllabus of the BA (history) course, citing instances to say that the RSS ever since its birth in 1925 with its Hindutva allies like Hindu Mahasabha led by VD Savarkar worked overtime to “betray the glorious anti-colonial freedom struggle”.

Amaravati: World Bank refusing to share public grievances on Land Pooling Scheme

By Our Representative
A new report, prepared by the advocacy group Centre for Financial Accountability (CFA), New Delhi, has taken strong exception to the World Bank refusing to share its independent assessment of the Land Pooling Scheme (LPS), floated by the Andhra Pradesh government in order to build the new capital.

British companies export 'deadly' asbestos to India, other countries from offshore offices

By Rajiv Shah
“The Sunday Times”, which forms part of the powerful British daily, “The Times”, has raised the alarm that though the “deadly” asbestos is banned in Britain, companies registered in United Kingdom, and operating from other countries, “are involved in shipping it to developing nations”, especially India. India, Brazil, Russia and China account for almost 80% of the asbestos consumed globally every year, it adds.

Beijing-based infrastructure bank 'funding' India's environmentally risky projects

By Our Representative
A new civil society note has questioned the operations of the Beijing-based Asian Infrastructure Investment Bank (AIIB), a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region, seeking to fund projects in India through the Government of India’s National Infrastructure Investment Fund (NIIF), calling it “a risky venture”.

Include all workers exposed to silica dust in anti-TB programme: Govt of India told

Counterview Desk
In a letter, sponsored by well-known civil rights organization, Occupational & Environmental Health Network of India and signed by more than 60 professionals and activists*, Dr Harsh Vardhan, Union Minister of Health and Family Welfare, Government of India, has been told that Indian policy makers shouldn't just acknowledge higher TB risk to mine and stone crusher workers, but also “other silica-exposed workers”.

Universal healthcare? India lacks provisions to 'fight' non-communicable diseases

By Moin Qazi*
Universal health coverage (UHC) -- ensuring that all people receive proper and adequate health care without suffering financial hardship -- is an integral part of achieving the Sustainable Development Goals. It enables countries to make the most of their strongest asset: human capital.

Polygamy in India "down" in 45 yrs: Muslims' from 5.7 to 2.55%, Hindus' 5.8 to 1.77%, "common" in SCs, STs

By Rajiv Shah
Amidst All India Muslim Personal Law Board (AIMPLB) justifying polygamy, saying it “meets social and moral needs and the provision for it stems from concern and sympathy for women”, facts suggest the the practice is down from 5.7 per cent of Muslim families in 1961 to 2.55 per cent in 2006.

TISS Hyderabad: Burden of funds cut falls on students from 'marginalized' sections

Counterview Desk
Top activists associated with the National Alliance of People’s Movements (NAPM), a civil society network, including Medha Patkar, Aruna Roy, Nikhil Dey, Shankar Singh, Dr Binayak Sen, and Prafulla Samantara, has protested against the decision of the Tata Institute of Social Sciences (TISS) administration for “sine die” closure of TISS, Hyderabad Campus, even as “denying” hostel access to Dalit and Adivasi students.